|
The UK’s trade deficit increased sharply in the three months to October, the Office for National Statistics reported Friday. The goods and services trade deficit widened by £4.0 billion to £6.7 billion in the three months to October 2025. The trade in goods deficit widened by £3.9 billion to £60.5 billion in the three months to October, while the trade in services surplus is estimated to have remained unchanged at £53.8 billion. The value of goods imports increased by around £800 million, or 1.5%, in October, while the value of goods exports rose by £1.5 billion, or 5.2%. Exports of goods to the US, including precious metals, rose by £1.1 billion or 27%, while imports rose by £2.2 billion or 52%. Separately, the ONS reported that UK production output is estimated to have increased by 1.1% in October from September, better than the FXStreet-cited expectation of a 0.7% month-on-month uptick, and after a decline of 2.0% in September from August. On an annual basis, industrial production decreased 0.8% in October, but improved upon the 2.5% decline in September and the FXStreet-cited market consensus of a 1.2% fall. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
